Five things you need to know about Organisation Culture
What is Organisational Culture: In simple terms, Organisational Culture is the way in which people in an organisation relate to each other, their work and the outside world, in comparison with other organisations. Your Organisational Culture shows how your organisation works: how things get done, the interactions between people, and employee relationships to their work and the outside … Continue reading Five things you need to know about Organisation Culture
Why an ESG strategy is critical for a ‘future-proof’ corporation
In September 2021 shareholders of Exxon Mobil stunned Industry observers when they elected two Directors nominated by a coalition of investors who believed the company need to move towards cleaner energy. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.” Andrew Logan, … Continue reading Why an ESG strategy is critical for a ‘future-proof’ corporation
5 tips to manage global virtual teams more effectively
The pandemic has exacerbated virtual working environments like no other event has done before. While many companies have shifted from a WFH model to hybrid work models, business travel is unlikely to hit pre-pandemic levels any time soon, if ever. This is likely to have a lasting impact on how global virtual teams are managed. … Continue reading 5 tips to manage global virtual teams more effectively
Six steps to build the perfect organisational culture
94% of executives and 88% of employees believe a distinct workplace culture is important to business success. This was one of the key findings of a Deloitte survey on core beliefs and culture. The survey’s findings confirmed that there is a strong correlation between employees who say they are “happy at work” and feel “valued … Continue reading Six steps to build the perfect organisational culture
Eight benefits of a well-defined organizational culture
A Gartner survey in 2021 revealed that 91% of HR leaders are concerned about employee turnover in the immediate future. According to this survey, nearly 50% of employees hired over the last 12 months had two additional job offers. Another Gartner survey of 1,609 candidates between May and June 2021 found that nearly half of … Continue reading Eight benefits of a well-defined organizational culture
Six factors that contribute to organizational culture
According to PWC’s ‘Global Culture Survey 2021’, 69% of senior leaders credit much of their success during the pandemic to culture. This survey spanned 3,200 workers in more than 40 countries and revealed that strong cultures drive better business outcomes. The report adds that during a year that necessitated major changes for companies around the … Continue reading Six factors that contribute to organizational culture
Dangers of not taking an active approach to organization culture
According to a study by PWC in 2021, a majority (69%) of senior executives credit their success during the pandemic to culture. The 2021 Global Culture Survey by PWC interviewed 3,200 leaders and employees worldwide during a period that necessitated major changes for companies around the world. More than two-thirds of respondents said that their … Continue reading Dangers of not taking an active approach to organization culture
50% of India leaders agree there is a need to plan for multiple possible futures around the workplace and workforce but cost pressure and the fear of setting a precedent holds them back from taking action. India leaders increasingly agree that the workplace – which in the past was for the people – has now evolved into … Continue reading The Future of Work and Organizational Culture
A 2022 Gallup survey revealed that employee engagement in the U.S. saw its first annual decline in a decade - dropping from 36% engaged employees in 2020 to 34% in 2021. This trend continued into early 2022, falling further to nearly 32%. The drop is significant, since employee engagement has been trending up in recent … Continue reading Strategy or Culture – which comes first?
How To Effectively Manage Organizational Change: A Step-By-Step Guide
Organizational change can be a daunting and challenging undertaking, especially for businesses that are already dealing with daily operations. But if managed effectively, it can lead to long-term business success and growth
How To Lead A Successful Organizational Culture Change?
Organizational culture change is a difficult and daunting task. It requires strong leadership, clear communication, and strategic planning to ensure that the desired changes are implemented
In 2018, Hofstede Insights had the opportunity to assist Noor Bank’s bank-wide culture transformation. Noor Bank was awarded the prestigious “Best Transformation and Strategy 2019” and CEO John Iossifidis the award for “Best Transformation Leader”.
India is likely to be the world’s fastest growing large economy this year (The Economist, May 2022). There is an ever-increasing number of Indian organisations who are partnering with organisations from other nationalities. Often, the same organisations are simultaneously collaborating and competing in different markets or product segments. In this melting pot of multi-dimensional relationships among … Continue reading M&A and Culture in India
India is a fast-growing economy and in today’s networked world India is increasingly becoming an economic force to recon with. An ever-increasing number of people from halfway around the world are finding themselves across the table (or these days across computer screens!), negotiating business deals with their counterpart coming from this mystic land of apparent … Continue reading Negotiation – The Indian way !
Changing Organizational Culture – why is it so difficult? Part – 1
Changing Organizational Culture – why is it so difficult? (Part 1) Organizational Culture is all pervasive in an organization. It is intricately woven into every layer of the organization. Built over a period right from its inception, it is shaped and influenced by several elements. Some of them are: Promoter / Founder CEO and the … Continue reading Changing Organizational Culture – why is it so difficult? Part – 1
In a recent survey published in Forbes undertaken by The Alternative Board, 39% of respondents concluded that Management style is the key driver for Organizational or Company Culture. Employee experience weighed in second with 30% respondents and Company reputation garnered 18%. This survey of small businesses across industries also revealed that Business owners impacted culture … Continue reading What are the drivers of Organizational Culture
Does your Organization support a culture of innovation?
A recent revealed that most companies look inward for their innovation spark. The Deloitte Innovation Study 2021 surveyed business leaders from the fields of innovation, technology and business functions from a diverse set of industries, sizes and business models. The study reported that many programs kick off their process by looking internally for opportunities to … Continue reading Does your Organization support a culture of innovation?
As a global firm that works with leading corporates in the Organizational Culture space, there’s one question that we get asked a lot – “What is the perfect Organizational Culture?” In March 2022, a report from the company review site Comparably revealed its annual rankings of the companies with the best workplace culture. This ranking … Continue reading What is the optimal Organizational Culture?
A global survey of business leaders and employees by PWC in 2021 revealed that the pandemic has revealed that Organizational culture played a big part in lending companies a competitive edge during this challenging phase. At Hofstede Insights, we believe that leaders determine a great deal of what happens in an organization. This is particularly … Continue reading The Role of leadership in Organizational Culture
How an optimal organizational culture can drive your safety culture
In the period between May 2020 and June 2021 India registered a total of 116 Industrial accidents in chemical and mining industries across the country. It highlights the need for a culture of safety. Can an optimal Organizational culture drive a culture of safety management? Let’s start by defining safety culture. Safety culture defined According … Continue reading How an optimal organizational culture can drive your safety culture
A successful digital transformation needs an optimal Organizational Culture
International Data Corporation (IDC) reported that global spending on the digital transformation (DX) of business practices, products, and organizations is expected to hit $1.8 trillion in 2022, an increase of 17.6% over 2021. According to the latest update to IDC’s Worldwide Digital Transformation Spending Guide, DX spending will sustain this pace of growth over the … Continue reading A successful digital transformation needs an optimal Organizational Culture
We’ve seen a resurgence in interest across the world around Organizational Culture at a time when many large global corporations continue to operate in virtual or blended work environments. Research by Gartner revealed that 70% of HR leaders in a pre-pandemic world were confident they knew the culture their organization needed to propel business performance. … Continue reading Culture – defined
How organizational culture works without an office
In a global survey conducted with CIOs, respondents stated that fully remote work will likely transition to hybrid work in the future. About 15 to 16 percent stated their companies’ workforce worked remotely prior to the pandemic, and as of late 2020, 34 percent of respondents expected the workforce to be working remotely permanently. By … Continue reading How organizational culture works without an office
A pre-pandemic report by McKinsey predicted that AI has the potential to deliver additional global economic activity of around $13 trillion by 2030, or about 16 percent higher cumulative GDP compared with 2018. This amounts to 1.2 percent additional GDP growth per year. This McKinsey survey was published around the same time as Pernod Ricard, … Continue reading Can AI augment your Organizational Culture?
Episode 1 of the scrum and culture series. In this webinar, we pick one specific aspect; the influence of values around perceived hierarchy between people and the interpretation of respect. We conclude with 5 recommendations on how to improve effectiveness in a Dutch/Indian team.
Episode 2 of the Scrum and Culture series on the impact of national culture differences on scrum implementations, to helps international organisations introduce scrum effectively. In this webinar, we pick one specific aspect; the influence of values around communication and openness through a case study. We conclude with 5 recommendations on how to improve effectiveness … Continue reading Scrum & Culture Series – Episode 2
This is a 60 min webinar to give you insights into creating successful business dealings with India with the help of 2 case studies. This webinar is based on a full program offered by Hofstede Insights.